RNS Number:3138H
Tenon Group PLC
11 February 2003

                                

                                        Tenon Group PLC

                              Trading Update and Board Changes


Trading Update


Tenon Group PLC ("Tenon") reports that difficult trading conditions, which
continue in 2003, have had a greater effect than that predicted at the time of
the Group's trading update on 25 November 2002.  The second half of the 2002
financial year is no longer expected to be profitable and consequently the
pre-tax profit before goodwill amortisation and exceptionals for the financial
year to 31 December 2002 is likely to be substantially reduced and less than
market expectations.

Tenon will be announcing preliminary results for the year ended 31 December 2002
on 26 March 2003.

Board Changes

The Group announces that Ian Buckley, chief executive, has resigned from the
board with immediate effect. Andy Raynor, current finance director of Tenon,
becomes managing director. The finance director's responsibilities will be
covered on an interim basis by Tony Atkinson, Group financial operations
director.


Neil Johnson, a non-executive director of the Group, has accepted the position
of chairman following Eric Stobart's recent resignation.


Business Review



A fundamental review of the business is now underway and action has been taken
that has incurred significant additional exceptional cost in 2002.  This process
will continue as a priority in the first half of 2003.  The review will also
result in a reassessment of the carrying value of goodwill in the 2002 financial
statements.


Neil Johnson, chairman of Tenon, said


"Our performance has been disappointing.  We shall focus our efforts on taking
all necessary actions to ensure the creation of a more profitable business."


                                                               11 February 2003


Enquiries:


College Hill                  Tel: 0207 457 2020
Kate Pope
Tony Friend





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